UAE re­tail sales to reach Dh151 bil­lion this year

The Pak Banker - - INTERNATIONAL BUSINESS/SPORTS -

Re­tail sales in the UAE are set to grow by 32.9 per cent from Dh114 bil­lion in 2011 to Dh151 bil­lion in 2015, a re­cent re­port by Busi­ness Mon­i­tor In­ter­na­tional fore­casts.

Khalid Shraim, gen­eral man­ager of Hili Mall, Al Ain's big­gest com­mu­nity shop­ping cen­tre, noted that re­tail growth in the city has been ex­tremely ro­bust since the be­gin­ning of the year, backed by strong com­pet­i­tive of­fer­ings rolled out across main shop­ping des­ti­na­tions.

Sim­i­larly, an Alpen Cap­i­tal re­port de­tailed that the GCC re­tail in­dus­try con­tin­ues to main­tain pos­i­tive mo­men­tum, driven by key fac­tors such as ro­bust eco­nomic growth, ris­ing pur­chas­ing power, a grow­ing pop­u­la­tion com­pris­ing a large pro­por­tion of ex­pa­tri­ates, chang­ing con­sump­tion pat­terns and in­creas­ing pen­e­tra­tion of in­ter­na­tional re­tail play­ers.

"We are mon­i­tor­ing trends in Al Ain's re­tail sec­tor. Among the fac­tors that have con­trib­uted to the vi­brant shop­ping en­vi­ron­ment are new brands, shop­ping out­lets with easy ac­ces­si­bil­ity, reg­u­lar en­ter­tain­ment ac­tiv­i­ties and at­trac­tive of­fers," Shraim said.

Ac­cord­ing to the Re­tail Oper­a­tions In­dex by con­struc­tion con­sul­tancy Arcadis, the UAE is the eighth-most pop­u­lar global lo­ca­tion among in­ter­na­tional re­tail­ers, and the high­est ranked in the Mid­dle East. The UAE scored highly for the qual­ity of its in­fra­struc­ture and its eco­nomic en­vi­ron­ment (third in both cat­e­gories), but lower (11th) for mar­ket de­mand and the ease of es­tab­lish­ing oper­a­tions.

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